-India Water Portal Crop patterns in India are changing without consideration for local agro-climatic conditions. This puts a burden on environment, incurring huge long-term losses. The past few months saw Karnataka and Tamil Nadu bickering over the sharing of the Cauvery water. It was the failure of the south-west monsoon that had put crops in Karnataka at risk, forcing the government to stop water supplies to Tamil Nadu. The arrival of...
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The tragedy of the commons -Neha Sinha
-The Hindu The only way out for public policy for environmental damage is to place strong emphasis on individual and social cost of inaction Residents in the already polluted Capital experienced something of a turning point on Diwali. The belaboured, particulate-loaded air was further bombed with firecrackers. Some described the scene as a war zone with active shelling. People were angry not only because they could not physically breathe, but also because...
More »Income Tax officials unsure how to slap 200% penalty on income mismatch -Kiran Kabtta Somvanshi & Sugata Ghosh
-The Economic Times MUMBAI: As India struggles with demonetization, individuals and businesses are using old currency notes to settle debts while income tax officials are at a loss how to go about imposing 200% penalty -- as announced by a senior finance ministry official -- on such funds flowing into banks. Firms are clearing dues to suppliers, depositing cash in bank accounts to repay old loans, and buying memberships of clubs, SPAs...
More »Motive behind demonetisation is justifiable but there may be collateral damage
There are reports from all over the country that the recent decision by the government to demonetise currency notes of Rs. 500/- and Rs. 1000/- denomination has affected everyone. However the consequence of this financial measure is lopsided and it will be mainly borne by the farmers, informal sector workers, women and the financially excluded. Please check the links/ urls below this news alert to know everything about demonetisation. Till a few...
More »Paytm making hay
-The Hindu Riding on this wave, the mobile wallet major expects to process transactions worth Rs.24,000 crore by the end of this year. New Delhi: Paytm, India’s largest mobile payments company and an e-commerce platform, has said that post demonetisation of Rs.500 and Rs.1000 notes, it has touched a record five million transactions a day, against Rs.2.5-3 million transactions earlier. With banks and ATMs unable to meet a high demand for new currency,...
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